| Savanna Project |
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Savanna |
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Country |
South Africa
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Close to |
Kimberley |
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Status |
MINE DEVELOPMENT
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Surface |
31 km² / 7,593 acres |
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Legends
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| Risk and valuation analysis of the Savanna Project |
| Status Risk : Mine development |
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| Title(s) of the Savanna Project |
 | MineMakers Limited
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In terms of the agreement signed on 29th November 2007, Bonaparte’s wholly owned South African subsidiary, Samber Trading 115 (Pty) Ltd will acquire 100% of the issued shareholding in Savanna Diamonds (Pty) Ltd (“Savanna”). The cash consideration for more... |
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| History of the Savanna Project |
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Mining in the areas was initially undertaken in the early 1900’s and then abandoned due to limestone overburden leaving the deposits undeveloped. More recently, with the capability of modern earthmoving equipment the deposits are now accessible and small scale mining on the channel extension in the adjacent property has been in progress for several years.
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| Geology of the Savanna Project |
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The diamond bearing gravel deposits on the Savanna property are located within an ancient (>180 million year old or Cretaceous age) river channel that lies in a dolomite country rock which is prone to formation of potholes.
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Data last updated on : 12/4/2007
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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